Tehran, YJC. As Iran and Shell look forward to resume trade, the country is seeking to claim its $2.3 billion credit first.

Shell
was a costumer for Iran’s crude before EU sanctions cut the deal. Back then,
the Anglo-Dutch company used to buy 150-200 thousand bbl Iranian black gold every
day.

As sanctions
made the company stop its purchase of Iranian oil, the company came to owe $2.3
billion, which had to do with 8 million bbl oil it had received on credit.

So far
Shell has considered a number of ways to pay Iran back, but the two sides have
not yet reached agreement on a specific plan.

Recently
the Iranian Oil Minister Bijan Namdar Zanganeh has formed a workgroup to pursue
the country’s claims of different international companies. The workgroup has so
far had correspondences and phone calls with Shell in pursuit of the debt.

Not
only a costumer of the Iranian crude, Shell used to cooperate with Iran in
projects such as the Soroush and Noruz field development projects before sanctions
stalled the business.